LandM wrote: ↑Thu Oct 01, 2020 10:01 am
MD,
I get that but I think the combo of those two created allot of havoc as did WW2. This country survived. We are getting back into or have exceeded WW2 debts yet I do not see a whole lot being built nor industries created nor ideas being pushed to market.....this is just survival mode - maybe I am wrong. There is a new normal now and the sooner we get to that, the better. Create some more Zooms.
Red,
I am assuming, I could have gone to Fox news and found probably the same number of people who felt the same way about Biden. If someone is going to keep telling folks to boycott then at least be intellectually honest and do not do the same thing as being accused of PB.
Yes, getting to a new normal soon is important....but we're in for a long hard slog until the virus is quashed.
We're seeing accelerations of a variety of technologies being adopted (Zoom etc simply being the most obvious to consumers), massive increases in cloud, delivery systems, contactless payments, etc. but I agree that in these 6 months we have not yet seen the industries of the future...but there are certainly lots of creative folks out there, so you and I would have some justified optimism in that regard...eventually.
WWII was actually a boon to our economy and particularly its aftermath of a world destroyed with America in the best position to expand rapidly relative to all competitors. The Great Depression is perhaps a better analogue, an extended turndown impacting millions of families, yet many at the top of the food chain did just fine. IMO, we faced a choice of fascism or an evolution of capitalism to include a social safety net and thankfully we made the choice we did...but it took many years to recover economically. However, we darn sure don't want a war to be our economic exit from this depression.
This situation is rather unlike any we've had before.
I'd like to see some massive infrastructure and technology investments be the key drivers out of this, recognizing that there will be long tail effects of the virus even after being quashed and further recognizing that we've fallen behind in some areas relative to China... so time to address those investments. It's not 'war' but it certainly is recognizing the competition is moving forward aggressively, so wake up America.